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Do mergers create or destroy value? Evidence from unsuccessful mergers
Cole, Rebel; Fatemi, Ali; Vu, Joseph - Volkswirtschaftliche Fakultät, … - 2006
examining how merger bids and terminations affect the relative values of bidders attempting diversifying and focusing takeovers …In this study, we examine unsuccessful takeover attempts for new evidence on whether mergers create or destroy value … literature on signaling by investigating whether a takeover attempt signals investors about the quality of firm management as …
Persistent link: https://www.econbiz.de/10005837001
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Revisiting the merger and acquisition performance of European banks
Asimakopoulos, Ioannis; Athanasoglou, Panayiotis P. - Volkswirtschaftliche Fakultät, … - 2009
The study examines the value creation of Merger and Acquisition (M&A) deals in European Banking from 1990-2004. This is …
Persistent link: https://www.econbiz.de/10009151561
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The effect of M&A announcement on Greek bank stock returns
Asimakopoulos, Ioannis; Athanasoglou, Panayiotis; … - Volkswirtschaftliche Fakultät, … - 2005
This study examines the response of Greek bank stock prices to the announcement of intended mergers and acquisitions(M&As)during the period 1998-1999, applying a standard event study methodology. The results show that both the acquiring banks and, albeit to a lesser extent, the target banks...
Persistent link: https://www.econbiz.de/10009151590
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¿Puede el gobierno corporativo aprender del gobierno público?
Jakob, Brugger; Immanuel, Samuel - Volkswirtschaftliche Fakultät, … - 2007
In view of recent corporate scandals, it is argued that corporate governance can learn from public governance. Institutions devised to control and discipline the behaviour of executives in the political sphere can give new insights into how to improve the governance of firms. Some proposal such...
Persistent link: https://www.econbiz.de/10005835562
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Effect of mergerson efficiency and productivity: Some evidence for banks in Malaysia
Radam, Alias; Baharom, A.H.; Dayang-Afizzah, A.M. - Volkswirtschaftliche Fakultät, … - 2008
, which includes the pre-merger years and the post-merger years. This study attempts to evaluate technical efficiency … latter accounted for 0.2% decline; (3) the merger process led to productivity improvements whereby, it is observed that the … productivity of Malaysia’s banking sector has been improved (in terms of efficiency) after the implementation of merger program for …
Persistent link: https://www.econbiz.de/10005837412
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The Effect of Corporate Break-ups on Information Asymmetry: A Market Microstructure Analysis
Bardong, Florian; Bartram, Söhnke M.; Yadav, Pradeep K. - Volkswirtschaftliche Fakultät, … - 2006
This paper investigates the information environment during and after a corporate break-up utilizing direct measures of information asymmetry developed in the market microstructure literature. The analysis is based on all corporate break-ups in the United States in the period 1995-2005. The...
Persistent link: https://www.econbiz.de/10005619983
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Liquidity and Dividend Policy
Igan, Deniz; de Paula, Aureo; Pinheiro, Marcelo - Volkswirtschaftliche Fakultät, … - 2006
We document the association between a firm's payout policy and its stock's liquidity. In particular, we show that dividend-paying firms have a more liquid market for their stock and measures of a stock's liquidity is positively linked to its probability of being a dividend payer. Furthermore,...
Persistent link: https://www.econbiz.de/10008871305
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Share repurchases, signaling effect and implications for corporate governance: Evidence from India
Reddy, Kotapati Srinivasa; Nangia, Vinay Kumar; … - Volkswirtschaftliche Fakultät, … - 2013
enterprises and regulatory bodies in designing policies on earnings distribution, managerial incentives, takeovers, and so forth …
Persistent link: https://www.econbiz.de/10011110702
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The 2007-2008 global financial crisis, and cross-border mergers and acquisitions: A 26-nation exploratory study
Reddy, Kotapati Srinivasa; Nangia, Vinay Kumar; … - Volkswirtschaftliche Fakultät, … - 2014
Many interdisciplinary studies of the 2007–2008 global financial crisis examine the causes of crisis, corporate governance and firm value, stock market efficiency, new firm registration, macroeconomic performance, and compare this crisis to previous crises. However, we do not find conceptual...
Persistent link: https://www.econbiz.de/10011111203
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Internet corporate reporting in Greece
Spanos, Loukas; Mylonakis, John - Volkswirtschaftliche Fakultät, … - 2006
This paper investigates the internet corporate reporting practices of Greek listed companies. The aim is twofold: to contribute to the growing literature by examining internet corporate reporting for a small open European capital market; and to present a model of online dissemination of...
Persistent link: https://www.econbiz.de/10011113183